New Era ADR operates a virtual dispute resolution platform that lets organizations and individuals resolve disputes with experienced arbitrators and mediators on its technology-driven system. The company is led by CEO and Co‑Founder Rich Lee and employs technology industry operators, former general counsels, technologists, and engineers. Its stated mission is to improve access to justice and make dispute resolution more efficient, pragmatic, and amicable. The team focuses on reducing time and cost for parties using its platform. New Era ADR plans to use the recent investment to accelerate growth, hire new talent, invest in its platform, and enhance customer support. Financial details of the investment were not disclosed in the article. New Era ADR provides an all-digital, all-virtual mediation and arbitration platform aimed at reducing the time and cost of legal disputes by up to 90% and resolving cases in under 100 days. Launched in April 2021 by technology and legal industry veterans, the platform has seen rapid adoption across Fortune 500 companies, VC-backed startups, leading B2C and B2B organizations, and numerous law firms including AmLaw 100 firms. In less than a year the company is the named dispute resolution platform in over 50 million contracts and, after two months in 2022, it had already surpassed its 2021 revenues. New Era offers a flat-fee model for cost predictability, streamlined resolution procedures, and risk solutions intended to reduce litigation gamesmanship. Headquartered in Chicago with a remote-first hiring model, the company plans to expand its technology, go-to-market efforts, and team into new verticals and functions.

Total raised

$5M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2022